30 09, 2022

India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources

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India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on …

30 09, 2022

People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies

By | September 30th, 2022|Uncategorized|Comments Off on People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies

Postulka Returns to Arbella as Vice President and Chief Information Officer Arbella Insurance Group, in Quincy, Massachusetts, has announced that Matt Postulka has rejoined the company as vice president and chief information officer (CIO). Postulka will be responsible for all …

30 09, 2022

178 Medical Providers from California’s Workers’ Comp System

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The California Department of Industrial Relations’ Division of Workers’ Compensation and DIR’s Anti-Fraud Unit suspended 178 medical providers during the first eight months of 2022. Providers are suspended from the workers’ compensation system when they have been convicted of fraud-related …

30 09, 2022

California Governor Approves Farmworker Unionization Law

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A broadly smiling California Gov. Gavin Newsom joined about two dozen jubilant, cheering farmworkers camped outside the state Capitol this week to sign one of the most contentious bills before him this year, reversing course on a measure to help …

30 09, 2022

California Doctor Prescribing Unneeded Drugs Guilty of Insurance Fraud

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A physician pleaded guilty to defrauding California’s Medi-Cal system by prescribing unnecessary drugs to more than 1,000 patients, prosecutors said. Dr. Mohammed El-Nachef entered pleas in Orange County to one count of insurance fraud and one count of aiding and …

30 09, 2022

Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey

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Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022, has a purchase price of A$880 million (US$570.3 million) with …

30 09, 2022

Gun Manufacturer Sued Over Link to July 4 Illinois Parade Shooting

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Survivors of the mass shooting at a suburban Chicago Independence Day parade and family members of those killed filed 11 lawsuits Wednesday against the manufacturer of the rifle used in the attack, accusing gun-maker Smith & Wesson of illegally targeting …

30 09, 2022

Michigan Train Derailment Sends Several Rail Cars Off Tracks

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A train derailment sent a dozen rail cars off the tracks Thursday morning near Detroit, snarling traffic while emergency responders assessed the damage, officials said. Warren Mayor Jim Fouts said 12 of the train’s 151 cars derailed about 7:30 a.m. …

30 09, 2022

Crash Involving Speeding Truck in Uvalde, Texas Kills 2, Injures 10

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Two people were killed and 10 others injured when a pickup truck crashed into two other vehicles in the Texas city of Uvalde, authorities said. Uvalde Police Chief Daniel Rodriguez said U.S. Border Patrol agents saw the truck speeding Wednesday …

30 09, 2022

Chinese Billionaire Faces Civil Trial in Minnesota Over Alleged Rape

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A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations that he raped a former University of Minnesota student after a night of dinner and drinks in 2018. …